These two will build on their strong start

On April 3, 2020, aerospace products maker Raytheon Technologies Corp. (formerly United Technologies) spun off its Otis (elevators) and Carrier (heating and air conditioning equipment) businesses. For each share investors held, they received 0.5 of a share in the new Otis and 1 share in… Read More

Buy these two for post-COVID-19 gains

On May 22, 2019, apparel maker VF Corp. spun off its Lee and Wrangler jeans business into a separately traded public company called Kontoor Brands. Investors received one share in Kontoor for every seven VF shares they held.
Both VF and its spinoff have bounced back… Read More

This spinoff is just getting started

Eli Lilly has gained over 25% since it spun off its Elanco animal health business two years ago. The split lets the company concentrate on its main pharmaceutical business. In addition to its impressive portfolio of current products and those in its pipeline, Eli Lilly’s… Read More